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The market seems to like the idea that Citigroup (C) may do a reverse split of its shares and issue common stock in exchange for publicly held convertible and non-convertible preferred and trust ...
If faced with the proposition of owning one share of company stock for $50 or two shares for $25, you might wonder what difference it makes. In a reverse stock split, the amount of shares ...
Reverse stock splits are often viewed solely as bad news for stocks. And unbeknownst to many, even exchange-traded funds (ETFs) execute reverse splits. With both groups, reverse splits can be ...
The following is a list of chairmen and presidents of what is now Citigroup—the person or persons who were ultimately responsible for the company since its founding in 1812. The company was led by presidents until 1909, when James J. Stillman became the first chairman, holding the highest office in the company.
The "reverse stock split" appellation is a reference to the more common stock split in which shares are effectively divided to form a larger number of proportionally less valuable shares. New shares are typically issued in a simple ratio, e.g. 1 new share for 2 old shares, 3 for 4, etc. A reverse split is the opposite of a stock split.
CIT Group. CIT Group ( CIT ), a subsidiary of First Citizens BancShares, is an American financial services company. It provides financing, including factoring, cash management, treasury management, mortgage loans, Small Business Administration loans, leasing, and advisory services principally to individuals, middle-market companies and small ...
In a reverse stock split, a company reduces the number of shares outstanding, boosting the share price. For example, with a 1:3 stock split, the number of shares is divided by three while the ...
Reverse Morris Trust. A Reverse Morris Trust in United States law is a transaction that combines a divisive reorganization ( spin-off) with an acquisitive reorganization ( statutory merger) to allow a tax-free transfer (in the guise of a merger) of a subsidiary. [1] It may be especially useful when one publicly-traded C-corporation wants to ...